Myanmar: Mismanagement of Land Deals Has Cost Yangon Billions, Audit Finds

Sep 24, 2018 | Nan Lwin, Irrawaddy
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The Yangon Region Auditor General’s Office has found that the government’s mismanagement of land leases cost it billions of kyats during the 2016-17 fiscal year, according to the local legislature’s Bill and Public Accounts Committee. At today’s session of the Yangon Region Parliament, committee chairman U Tint Lwin said many of the companies that leased land did not pay their rents on time and were not fined for late payments, and that their contracts did not even stipulate that they should be fined.